IIRC: The issue with grading any of these cards is you are grading the modern card NOT the card within the holder.
We're going to assume for a second that all the cards in those holders are what they are supposed to be. (So this does not apply to the Cobb example a couple of posts ago)
So, if you have a "9" because the card was issued in 2002 in that way and the modern card looks good it is a "9"
The issue is, the card inside may be a 3 or a 4 but you are grading the modern card. I don't think any of the grading companies yet have devised a way to break that down, simply because -- well to properly grade the card WITHIN the holder you kind of, sort of, have to break it out of the holder and then re-insert it and what if something goes wrong during that process.
So. I don't know the answer but an 9 may be a legit 9 but not for what is inside. Also thankfully this process is not very common but if it ever became more common, then all the TPG's would have to think carefully about what to do.
Rich
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